FL H5205

Amends section 121.71, Florida Statutes, to revise employer retirement contribution rates for all Florida Retirement System membership classes effective July 1, 2026

Regular Class employer contribution rate increases from 7.10% to 7.11%, while Special Risk Class decreases from 20.10% to 19.93% of gross compensation

Unfunded actuarial liability contribution rates adjusted across classes, with Regular Class decreasing from 4.87% to 4.42% and Special Risk Administrative Support Class increasing from 26.54% to 27.11%

Elected Officers' Class rates for legislators, Governor, Lt. Governor, Cabinet Officers, State Attorneys, and Public Defenders increases from 50.56% to 51.43% for unfunded liability contributions

Declared an important state interest to ensure retirement benefits are managed and funded in an actuarially sound manner as required by the State Constitution